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Phillip Capital Morning Note

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Publish date: Fri, 15 Feb 2019, 02:35 PM
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Singapore’s fourth-quarter economic growth missed estimates in the last stretch of 2018, shaving a fraction off its performance for the full year. Growth slowed to 3.2 per cent in 2018, from 3.9 per cent the year before, according to the Ministry of Trade and Industry (MTI) on Friday. Gross domestic product (GDP) expanded 1.9 per cent year-on-year in the fourth quarter, after expanding by 2.4 per cent the quarter before.

Apple appeared set to launch its streaming television service next month, calling on celebrities such as Jennifer Aniston, Reese Witherspoon and "Star Wars" director J.J. Abrams to join an event at its Silicon Valley headquarters.

Circles. Life has secured a round of funding led by venture capital player Sequoia India to launch in more than five countries in the next 18 months. Two markets have been confirmed for launch in 2019, with Taiwan in Q2 and Australia in Q3. Circles.Life, which leases network from telco M1, is looking to invest more than S$50 million in each new market.

Source: The Business Times

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